Beijing has a ‘sufficient reserve of policy tools’: Chinese Premier Lee Kiang on Trump’s tariff war

China’s second largest leader Lee king On Tuesday, the country said that after the widespread tariffs imposed by the main trading partner of the United States, China, they have essential tools to handle economic challenges.
“China’s Paralya -Economic Policy This year has taken full care of various uncertainties and has sufficiently reserved for policy equipment, “Premier Lee Kiang told European Commission Chairman Ursula von dera Leyen during a phone call, according to Chinese state news agency Xinhua,” China can survive completely against adverse external influences, and is confident to maintain a completely continuous and healthy economic growth. ,
The comment was made during a phone call on Tuesday, in which both sides discussed ways to bring “stability and forecast” to the global economy due to disintegration. Tariff us,
Lee said according to a Chinese summary of the call, “The strong measures taken by China have not only to protect their sovereignty, security and development interests, but also to protect international trade rules and international fairness and justice.”
This was his first call as Von Der Leyen started his second term in the office in December. This was also the first high-level contact between the two sides as US President Donald Trump introduced a global tariff, which China reacted strongly. The European Union is still preparing a response.
The European Union raised trade concerns with China, but the summary words indicated that the block was demanding to improve relations with Beijing, which has deteriorated in recent years, South China Morning Post reported ..
Since the two sides face pressure from American trade work and deal with weak economic conditions, some observers believe that it makes sense to try and improve relations, although European governments are concerned about China’s economic policies.
While China has responded to the American tariff, the European Union is still working on its approach. European Union members will vote on possible measures against American tariffs on steel and aluminum on Wednesday. The next week is expected to respond to “mutual tariff” and car duties.
At the same time, Brussels is cautious about being caught in the midst of the conflict between the major powers. Von Der Leyen “called for a conversation proposal for the current situation, emphasized the need to avoid moving forward,” a readout of the call issued by Brussels said.
Trump has picked up the world economy with a sweeping tariff, who has picked up an international recession viewer, despite the sale of a dramatic market, has excluded any stagnation in his aggressive trade policy.
Beijing – Washington’s leading economic rival but also a major trading partner – also responded by announcing 34 percent of its own duties on American goods, deepening a performance between the world’s two largest economies.